5 Cash-Rich Dividend Stocks To Buy Now

4. U.S. Bancorp (NYSE:USB)

Number Of Hedge Fund Holders: 52

Dividend Yield As Of January 20: 4.13%

Market Capitalization: $71.09 billion

Enterprise Value (EV): $24.28 billion

U.S. Bancorp (NYSE:USB) is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States.

On January 10, UBS analyst Erika Najarian upgraded U.S. Bancorp (NYSE:USB) to Buy from Neutral with a price target of $55, up from $47. With the Union Bank deal now closed, the analyst believes that the overhang is removed and U.S. Bancorp is now attractively valued.

U.S. Bancorp (NYSE:USB) has a substantial dividend yield of 4.13% as of January 20. On December 13, U.S. Bancorp (NYSE:USB) declared a quarterly dividend of $0.48, which was paid on January 17 to the shareholders of record on December 30.

Insider Monkey profiled 920 hedge funds to discover that 52 had owned U.S. Bancorp (NYSE:USB)’s shares during 2022’s third quarter. Warren Buffett’s Berkshire Hathaway is U.S. Bancorp (NYSE:USB)’s largest shareholder. It owns 77 million shares that are worth $3 billion.